Precious Metals: Investors Increase Palladium Long Position

Kitco reported speculators’ net-long positions in copper and palladium rose as they cut their positions in gold, silver and platinum.

As quoted in the market news:

For the week covered by this CFTC report, Comex June gold futures lost $7.30 to close at $1,643.80 an ounce on April 24. May silver fell 92.8 cents to $30.746 an ounce and Nymex July platinum dropped $36.60 to $1,548.10. Meanwhile, Nymex June palladium rose $28.95 to $665.80 and Comex May copper gained 2.55 cents to $3.6725 per pound. Both palladium and copper prices rallied further after the reporting cut-off date.

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